GLORIELLE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GLORIELLE
Largest movements
- Tangible fixed assets +€666,260
up €666,260 (+2,603%), from €25,592 to €691,852
of which Land and buildings: +€673,765
- Debts after one year +€448,771
up €448,771 (+24.7%), from €1.8m to €2.3m
- Reserves +€164,728
up €164,728 (+23.9%), from €690,153 to €854,881
- Current portion of long-term debt +€39,248
up €39,248 (+21.3%), from €184,344 to €223,592
- Financial income +€140,763
up €140,763 (+227%), from €62,000 to €202,763
- Depreciation +€106,889
up €106,889 (+2,789%), from €3,832 to €110,721
- Gross operating margin +€30,440
up €30,440 (+23.6%), from €128,893 to €159,332
- Financial charges +€25,523
up €25,523 (+71.4%), from €35,732 to €61,255
- Taxes -€18,465
down €18,465 (-98.3%), from €18,776 to €311
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,788,132 | €3,430,803 | +€642,671 | +23.1% |
| Fixed assets | 21/28 | €2,681,771 | €3,348,031 | +€666,260 | +24.8% |
| Tangible fixed assets | 22/27 | €25,592 | €691,852 | +€666,260 | +2,603% |
| Land and buildings | 22 | - | €673,765 | +€673,765 | |
| Furniture and vehicles | 24 | €25,592 | €18,088 | -€7,505 | -29.3% |
| Financial fixed assets | 28 | €2,656,179 | €2,656,179 | = | 0.0% |
| Current assets | 29/58 | €106,360 | €82,772 | -€23,589 | -22.2% |
| Amounts receivable within one year | 40/41 | €62,605 | €40,553 | -€22,053 | -35.2% |
| Trade receivables | 40 | €12,000 | - | -€12,000 | |
| Other amounts receivable | 41 | €50,605 | €40,553 | -€10,053 | -19.9% |
| Cash at bank and in hand | 54/58 | €33,082 | €41,147 | +€8,065 | +24.4% |
| Deferred charges and accrued income | 490/1 | €10,673 | €1,072 | -€9,601 | -90.0% |
| Total equity and liabilities | 10/49 | €2,788,132 | €3,430,803 | +€642,671 | +23.1% |
| Equity | 10/15 | €710,153 | €874,881 | +€164,728 | +23.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €690,153 | €854,881 | +€164,728 | +23.9% |
| Distributable reserves | 133 | €690,153 | €854,881 | +€164,728 | +23.9% |
| Amounts payable | 17/49 | €2,077,979 | €2,555,922 | +€477,943 | +23.0% |
| Amounts payable after more than one year | 17 | €1,814,210 | €2,262,981 | +€448,771 | +24.7% |
| Financial debts | 170/4 | €1,814,210 | €2,262,981 | +€448,771 | +24.7% |
| Amounts payable within one year | 42/48 | €262,369 | €291,416 | +€29,047 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €184,344 | €223,592 | +€39,248 | +21.3% |
| Trade debts | 44 | €1,269 | €1,642 | +€373 | +29.4% |
| Suppliers | 440/4 | €1,269 | €1,642 | +€373 | +29.4% |
| Taxes, remuneration and social security | 45 | €11,757 | €10,720 | -€1,036 | -8.8% |
| Taxes | 450/3 | €11,757 | €10,720 | -€1,036 | -8.8% |
| Other amounts payable | 47/48 | €65,000 | €55,462 | -€9,538 | -14.7% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,525 | +€125 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,832 | €110,721 | +€106,889 | +2,789% |
| Other operating charges | 640/8 | €1,874 | €3,080 | +€1,205 | +64.3% |
| Gross operating margin | 9900 | €128,893 | €159,332 | +€30,440 | +23.6% |
| Operating profit (loss) | 9901 | €123,186 | €45,531 | -€77,655 | -63.0% |
| Financial income | 75/76B | €62,000 | €202,763 | +€140,763 | +227% |
| Recurring financial income | 75 | €62,000 | €202,763 | +€140,763 | +227% |
| Financial charges | 65/66B | €35,732 | €61,255 | +€25,523 | +71.4% |
| Recurring financial charges | 65 | €35,732 | €61,255 | +€25,523 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | €149,454 | €187,039 | +€37,585 | +25.1% |
| Income taxes | 67/77 | €18,776 | €311 | -€18,465 | -98.3% |
| Profit (loss) for the period | 9904 | €130,678 | €186,728 | +€56,051 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €130,678 | €186,728 | +€56,051 | +42.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.